Halliburton Profit More Than Triples Despite Flat Sales

Date : 04/22/2019 @ 12:36PM
Source : Dow Jones News
Stock : Halliburton Company (HAL)
Quote : 21.75  0.07 (0.32%) @ 12:59AM

Halliburton Profit More Than Triples Despite Flat Sales

Halliburton (NYSE:HAL)
Historical Stock Chart

3 Months : From Apr 2019 to Jul 2019

Click Here for more Halliburton Charts.

By Kimberly Chin


Halliburton Co. (HAL) said profit more than tripled in the first quarter as the oilfield services company recorded lower impairment charges and had a smaller provision for taxes in this quarter compared with a year earlier.

Net income was $152 million, or 17 cents a share, compared with $46 million, or five cents a share. Analysts polled by Refinitiv expected per-share earnings of 24 cents.

The company said that excluding impairments and other charges, adjusted earnings were 23 cents a share, one cent ahead of analysts' estimates of 22 cents a share.

Sales were flat at $5.74 billion compared with the year-earlier period, but more than the $5.53 billion analysts predicted.


Write to Kimberly Chin at kimberly.chin@wsj.com


(END) Dow Jones Newswires

April 22, 2019 07:21 ET (11:21 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest HAL Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.